Why did the gold price hit a record on 22 December?

A mix of geopolitical tension and policy expectations pushed demand for safety. Reports of a blockade on Venezuelan oil shipments raised inflation and growth risks. At the same time, markets priced deeper US rate cuts into 2026, which lowers real yields and supports non-yielding assets like gold. A softer dollar and steady central bank buying added fuel. Together, these drivers helped lift spot bullion to $4,426.66 per ounce.

How does a weaker dollar affect UK returns from gold?

Gold is priced in US dollars. When the dollar weakens, non-US buyers often see lower local-currency costs, which can lift demand and the global benchmark. For UK investors, returns reflect both the gold price and GBPUSD moves. If the pound strengthens while gold rises in dollars, UK gains can be smaller. If the pound weakens, gains can be larger. Hedged share classes may help manage currency impact.

Is the silver price record sustainable after today’s jump?

Silver’s move near $69.45 reflects both safe-haven demand and strong industrial themes like solar. Its volatility is higher than gold, so pullbacks can be sharp. Sustainability depends on the same macro mix that helped gold, plus manufacturing trends. If the dollar stays soft, real yields ease, and industrial demand holds, support can persist. If growth cools or policy shifts quickly, silver may swing more than gold.

Should I buy gold now or wait for a pullback?

Buy or wait depends on your plan, not the headline. Decide the role gold plays in your portfolio, then size a position you can hold through swings. Many investors stage entries, adding small amounts on weakness rather than chasing strength. Focus on low-fee, liquid vehicles and clear custody. Use stop-loss rules only if you accept whipsaws. Review your plan when policy or currency trends change.

Global Market Insights

December 22: Gold Price Hits $4,426 Record as Venezuela Oil Blockade and Fed-Cut Bets Lift Safe-Har-

ByHuzaifa Zahoor December 23, 2025December 23, 2025

The gold price hit a record $4,426.66 per ounce on 22 December as investors moved into safe haven assets. The gold price today climbed on reports of a blockade on Venezuelan oil tankers and rising confidence in US rate cuts extending into 2026. Silver also set a new high near $69.45. A softer dollar and steady central bank buying added support. For UK investors, currency swings and local inflation expectations now shape returns as much as the headline move in bullion.